We have vigorously screened and coached the very best agents to help you achieve your Real Estate goals.
Our featured agents are full-time Realtors who are licensed and have a proven track record of results.

They are proven professionals who are well known real estate professionals in Big Otter, Grantsville, Hamlin, Left Hand, Reedy, Spencer, Sissonville and are committed to getting you the results you deserve.

REAL ESTATE DICTIONARY

damperA movable
plate in a fireplace that allows smoke and fumes to travel up the chimney's
flue.

days on the marketThe period of time a property is listed for sale prior to being
sold or taken off the market.

deadbolt lockA lock
that requires a key to open from the outside and a turn button from the
inside.

debtAny amount one
person owes to another.

debt assumption letterThe formal transfer of debt from one party to another, backed by a
contract of assumption signed by both parties. Also known as assignment of
debt.

D

deckA roofless,
floored area that adjoins a house.

decorating allowanceAn amount of money supplied by the seller and held in escrow for
the buyer, to be applied toward negotiated decorating changes.

deedThe legal
document that transfers ownership of a piece of property.

deed of trustA
document that gives a lender the right to foreclose on a piece of property if
the borrower defaults on the loan.

deep-seal floor drainA drain used to dispose of water from the basement floor to a sewer
line.

defaultThe failure
to fulfill a duty or discharge an obligation, such as making monthly mortgage
payments.

D

deferred maintenanceAny repair or maintenance of a piece of property that has been
postponed, resulting in a decline in property value.

delinquent mortgageA
mortgage that involves a borrower who is behind on payments. If the borrower
cannot bring the payments up to date within a specified number of days, the
lender may begin foreclosure proceedings.

density testAn
analysis of soil to determine if the surface can support the foundation of a
house.

dentilsSmall
rectangular blocks that project from a building, usually under cornices or along
rooflines.

depositMoney given
by the buyer with an offer to purchase property. Also called earnest
money.

depreciationThe
decline in value of a piece of property.

D

design/buildA
project in which the owner contracts directly with an individual or company to
perform design and construction.

disclosureA
statement to a potential buyer listing information relevant to a piece of
property, such as the presence of radon or lead paint.

discount pointsFees
that a borrower pays when the lender makes the loan, to get a lower interest
rate. Lenders offer various rate/point combinations, and borrowers pay points to
adjust the interest rate to the market rate. One point equals one percent of the
loan amount.

distressed propertyProperty that is in poor physical or financial
condition.

double-hung windowA
window that consists of two sashes that slide up and down.

D

dovetail jointsJoints that lock two pieces of wood together with meshed
teeth.

dowelA length of
wood that is round in profile and made of hardwood (round lengths of softwood
are called rounds).

dowel plugA short
piece of a wooden dowel typically fitted into a counterbored hole to hide the
head of a screw.

down paymentThe
difference between purchase price and the portion of the purchase price financed
by a lender. Most lenders require that the down payment come from the buyer's
own funds, but may also allow gifts from relatives.

downspoutA vertical
gutter that empties water from the roof to the ground.

drain augerAlso
called a snake. A long, coiled-wire tool that you can unwind and push into a
drain line to free a clog.

D

drain flangeThe
round metal trim that fits into the hole at the bottom of a sink or bathtub. The
stopper or pop-up fits into this flange to retain water in the sink or
tub.

drain valveA valve
used to drain a water storage tank in order to perform maintenance or
replacement.

drainageA system of
gutters and drainpipes that carry water away from the foundation of a
house.

drainpipePart of a
home's plumbing system that carries waste to the sewer or septic system. Most
residential drainpipes are from 1½ to 4 inches in diameter.

drawA payment made
to subcontractors or suppliers from a construction loan.

drip capsAngled
strips of metal flashing that are designed to protect the eaves from water
damage. With an L-shaped profile, they tuck under the first course of shingles
and extend down over the fascia.

D

drip loopA loop
in the service conductor that minimizes the chance of water
penetration.

dropped ceilingA
flat ceiling built lower than the original ceiling.

dry rotA fungal
decay that causes wood to become brittle and crumble.

drywallA
construction material composed of gypsum or plaster wrapped in paper and
produced in large sheets that can be nailed to wall studs.

dual agencyA
relationship in which a real estate agent or broker represents both parties in a
transaction.

dual agentAn agent
who represents both the buyer and the seller in a transaction. Some states
require strict disclosure of this arrangement to
consumers.

D

ductA rigid
metal or flexible insulated tube, designed to deliver air to and from a furnace
or other air-handling unit.

ductAny kind of pipe
or channel that carries water, wiring, or conditioned air through a
house.

ductworkA system of
large tubes, pipes, or channels (ducts) designed to deliver air to and from a
furnace or other air-handling unit.

due-on-sale clauseStandard language in a mortgage which states that the loan must be
paid when a house is sold.